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Phidias PropFirm $10,000 Account Rules

Source checked Mar 21, 2026 | Primary source: Official Phidias PropFirm rules
According to Phidias PropFirm's official documentation (verified 2026-03-21), the Phidias PropFirm $10,000 account has a $300 daily loss limit (3%), $600 max drawdown (static (floor never moves)), and a $1,000 profit target. The challenge fee is $89, with a minimum of 5 trading days required. Breach level is $9,400.

Phidias PropFirm's $10,000 evaluation has a $300 daily loss limit (3%), $600 maximum drawdown (static (floor never moves)), and a $1,000 profit target. Minimum 5 trading days. Fee: $89. Always confirm live rules before purchasing because firms can change limits without updating older screenshots or reviews.

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Phidias PropFirm$10,000
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Rules by Phase

evaluationfunded
Daily Loss$300 (3%)$300 (3%)
Max Drawdown$600$600
DD TypeStaticStatic
Profit Target$1,000None
Min Days5None
News Tradingallowedallowed
OvernightYesYes

What This Means In Practice

You can lose max $300 in a single day.

Your account can never drop below $9,400.

If you grow to $20,000, the floor stays at $9,400(static). Your profits don't shrink your safety net.

At 1% risk per trade ($100), you can take 3 losing trades before hitting the daily limit.

How Many Losing Trades Before You Blow

Understanding how many consecutive losers your account can survive is the difference between passing and failing. Here is the math for the Phidias PropFirm $10,000 account at different risk levels, based on the $600 max drawdown (static (floor never moves)).

Risk Per TradeDollar RiskLosers to Max DDLosers to Daily Limit
0.5%$50126
1%$10063
1.5%$15042
2%$20031
3%$30021

At the commonly recommended 1% risk per trade ($100), you can absorb 6 consecutive losing trades before breaching the $600 max drawdown. However, the $300 daily loss limit means you can only take 3 losers in a single day before getting locked out. This is the constraint that bites most traders first.

Because Phidias PropFirm uses static drawdown, profits you accumulate before a losing streak create additional buffer. If you are up $400 before a drawdown, you effectively have $1,000 of room at 1% risk, which translates to 10 losing trades.

Position Sizing Guide for $10,000

Proper position sizing on the Phidias PropFirm $10,000 account depends on your stop loss distance, the instrument you trade, and the rules you need to respect. Below are practical guidelines for this specific account.

Forex (standard lots):

At 1% risk ($100) with a 20-pip stop loss, you can trade approximately 0.50 standard lots (each pip = ~$10 on majors). With a 50-pip stop, that drops to 0.20 lots. If you plan to take multiple trades in a day, remember your combined risk cannot exceed the $300 daily limit.

Conservative vs. aggressive sizing:

Conservative (0.5% risk): Risk $50 per trade. You can survive 12 consecutive losers before max drawdown. At a 2:1 reward-to-risk ratio, you need 10 winning trades (with no losers) to hit the $1,000 profit target.

Standard (1% risk): Risk $100 per trade. You can survive 6 consecutive losers. At a 2:1 reward-to-risk ratio, you need 5 winning trades to hit the target.

Aggressive (2% risk): Risk $200 per trade. Only 3 losers before breach. Just 1 losers hit the daily limit. Not recommended unless you have a proven win rate above 60%.

The key takeaway: on a $10,000 account with $600 max drawdown, your static drawdown gives you room to recover from losing streaks as long as you size properly. Your profit target is $1,000 (10%), which means you need to earn 1.7x what you can afford to lose. Use the drawdown simulator to test different scenarios.

Pros

  • +1-step evaluation — skip the second phase
  • +Static drawdown — floor never moves
  • +cTrader support (rare among Tier 2 firms)
  • +Overnight and weekend holding allowed

Cons

  • -Higher profit target (10%) for 1-step
  • -Relatively unknown brand
  • -Minimum 5 trading days
  • -No crypto trading

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Frequently Asked Questions

What is the daily loss limit on Phidias PropFirm $10,000?

The daily loss limit on the Phidias PropFirm $10,000 account is $300 (3% of starting balance). If your losses for the day reach this amount, your account is terminated.

How much can you lose on Phidias PropFirm $10,000?

The maximum you can lose on the Phidias PropFirm $10,000 account is $600. Your account is terminated if equity drops below $9,400. Phidias PropFirm uses static (floor never moves).

What is the profit target for Phidias PropFirm $10,000?

The profit target for the Phidias PropFirm $10,000 account is $1,000 (10%). You need to grow your account to $11,000 to pass the evaluation.

How much does the Phidias PropFirm $10,000 challenge cost?

The Phidias PropFirm $10,000 challenge costs $89. This fee is typically refunded with your first payout after passing the evaluation.

How many losing trades can I take on Phidias PropFirm $10,000?

At 1% risk per trade ($100), you can survive 6 consecutive losing trades before hitting the $600 max drawdown. The daily loss limit of $300 allows 3 losing trades per day.

Is Phidias PropFirm's $10,000 drawdown static or trailing?

Phidias PropFirm uses static (floor never moves) on the $10,000 account. The floor is set at account opening and never moves, so profits create extra cushion above your breach level.

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